Used primarily in pharmaceutical research as an intermediate in the synthesis of bioactive compounds, particularly those targeting central nervous system disorders. It serves as a structural analog in developing serotonin and dopamine receptor modulators, making it valuable in the study of antidepressants, antipsychotics, and anxiolytic agents. Its derivatives are explored for potential use in treating neurological and psychiatric conditions due to their affinity for monoaminergic receptors. Also utilized in medicinal chemistry for structure-activity relationship (SAR) studies to optimize drug candidates.